End of year accounting

[Javan Bowsher]

If I have a guest stay for a week, starting in December and leaving January 1, how should I account for the revenue from that stay, as it is in the transition from one year to the next? Would all of the revenue go into January's revenue, all into December's, or should I average the stay and put 6 nights of revenue into December and 1 night into January?

Thank you!

[Simon W.]

I've been in the real estate accounting for 16-17 years. 99% of the companies I worked for uses Cash Basis. 

I literally just got off the phone with 2 bankers and was just talking about what accounting basis is used more in the real estate world. Cash.

Accrual basis are geared towards Corporation level